The trial balance before adjustment for Larkspur Company shows the following balances. Dr. Cr. Accounts Receivable $84,000 Allowance for Doubtful Accounts 1,820 Sales Revenue $436,500 Using the data above, give the journal entries required to record each of the following cases. (Each situation is independent.) 1. To obtain additional cash, Larkspur factors without recourse $25,800 of accounts receivable with Stills Finance. The finance charge is 11% of the amount factored. 2. To obtain a 1-year loan of $60,800, Larkspur assigns $66,600 of specific receivable accounts to Crosby Financial. The finance charge is 8% of the loan; the cash is received and the accounts turned over to Crosby Financial. 3. The company wants to maintain the Allowance for Doubtful Accounts at 5% of gross accounts receivable. 4. Based on an aging analysis, an allowance of $5,808 should be reported. Assume the allowance has a credit balance of $1,117.